The first meeting of the U.S. / U.K. Trade and Investment Working Group focussed on “commercial continuity” issues and a framework for future trade negotiations. That’s a long way from the “major trade deal” flagged by President Trump, but is nonetheless necessary to ensure no disruptions to trade in heavily regulated products such as aerospace and healthcare. The British government will need to start similar processes elsewhere in the world to ensure continued export growth. While the U.S. accounted for 10% of Britain’s export growth in sterling terms in the past year, China accounted f...
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